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It's Big & Big #alert About $DOGE Price
Dogecoin Price: Whales Move 456 Mln DOGE To Coinbase, Price At Risk?
Dogecoin price: Whale Alert spotlighted two massive DOGE whale transactions today, collectively attributing to the transfer of nearly 456 Mln coins amidst the token's price flux.
Dogecoin nabbed significant attention across the global crypto realm again as phenomenal whale activity surrounded the token amidst its current price flux. Per blockchain data surfacing within the crypto market, roughly 456 million DOGE was moved to Coinbase today, birthing a sense of caution among DOGE traders and investors.
The transfer of DOGE to Coinbase reflected a substantial offloading chronicle of Dogecoin by whales, which has in turn sparked speculations about a potential loss of interest in the asset among these large-scale investors.
This event has raised serious concerns about the trajectory of DOGE’s price in the future, with on-chain data painting an uncertain picture for the token’s upcoming journey.
Let’s examine Dogecoin’s current market dynamics and what it suggests about the price action of the world’s most popular dog-based meme crypto.
Dogecoin Whale Transactions Ignite Bearish Sentiments
Notably, data from Whale Alert, a blockchain tracking platform, unveiled two massive DOGE whale transactions today, April 26, collectively attributing to the transfer of 456.82 million DOGE to a CEX. Both the transactions illustrated DOGE tokens transferred to Coinbase, a globally renowned cryptocurrency exchange.
The first transaction showcased 228.10 million DOGE, worth $34.34 million, shifted by an unknown whale to Coinbase. Similarly, the second transaction revealed 228.72 million DOGE, worth $34.43 million, shifted by another unknown whale to the same exchange.
These whale transactions rode a couple of bearish market sentiments as the token’s supply on exchanges spiked, whereas whales illustrated a loss of confidence in the asset.
